0001562180-21-000734.txt : 20210202
0001562180-21-000734.hdr.sgml : 20210202
20210202170153
ACCESSION NUMBER: 0001562180-21-000734
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210129
FILED AS OF DATE: 20210202
DATE AS OF CHANGE: 20210202
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TETRA TECHNOLOGIES INC
CENTRAL INDEX KEY: 0000844965
STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35195
FILM NUMBER: 21582406
BUSINESS ADDRESS:
STREET 1: 24955 INTERSTATE 45 NORTH
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
BUSINESS PHONE: 2813671983
MAIL ADDRESS:
STREET 1: 24955 INTERSTATE 45 NORTH
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: TETRA International Inc
CENTRAL INDEX KEY: 0001520659
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35195
FILM NUMBER: 21582407
BUSINESS ADDRESS:
STREET 1: 24955 INTERSTATE 45 NORTH
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
BUSINESS PHONE: 281-367-1983
MAIL ADDRESS:
STREET 1: 24955 INTERSTATE 45 NORTH
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Compressco Field Services, L.L.C.
CENTRAL INDEX KEY: 0001522703
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35195
FILM NUMBER: 21582408
BUSINESS ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
BUSINESS PHONE: 281-367-1983
MAIL ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
FORMER NAME:
FORMER CONFORMED NAME: Compressco Field Services Inc.
DATE OF NAME CHANGE: 20110607
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: COMPRESSCO INC
CENTRAL INDEX KEY: 0000904147
STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY [5200]
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35195
FILM NUMBER: 21582409
BUSINESS ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
BUSINESS PHONE: 281-367-1983
MAIL ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
FORMER NAME:
FORMER CONFORMED NAME: EMERGING ALPHA CORP
DATE OF NAME CHANGE: 19930511
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: CSI Compressco LP
CENTRAL INDEX KEY: 0001449488
STANDARD INDUSTRIAL CLASSIFICATION: OIL, GAS FIELD SERVICES, NBC [1389]
IRS NUMBER: 943450907
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
BUSINESS PHONE: 281-367-1983
MAIL ADDRESS:
STREET 1: 24955 INTERSTATE 45 N
CITY: THE WOODLANDS
STATE: TX
ZIP: 77380
FORMER COMPANY:
FORMER CONFORMED NAME: Compressco Partners, L.P.
DATE OF NAME CHANGE: 20081104
4
1
primarydocument.xml
PRIMARY DOCUMENT
X0306
4
2021-01-29
false
0001449488
CSI Compressco LP
CCLP
0000844965
TETRA TECHNOLOGIES INC
24955 INTERSTATE 45 NORTH
THE WOODLANDS
TX
77380
false
false
true
false
0001520659
TETRA International Inc
24955 INTERSTATE 45 NORTH
THE WOODLANDS
TX
77380
false
false
true
false
0001522703
Compressco Field Services, L.L.C.
24955 INTERSTATE 45 N
THE WOODLANDS
TX
77380
false
false
true
false
0000904147
COMPRESSCO INC
24955 INTERSTATE 45 N
THE WOODLANDS
TX
77380
false
false
true
false
Common Units representing limited partner interests
2021-01-29
4
J
false
10952478.00
D
5237970.00
I
see footnote
On January 29, 2021, TETRA Technologies, Inc., a Delaware corporation ('TETRA'), entered into a Purchase and Sale Agreement (the 'Purchase Agreement') with Spartan Energy Holdco, LLC, a Delaware limited liability company ('Spartan Holdco'), and, solely for certain purposes therein, Spartan Energy Partners LP, a Delaware limited partnership, pursuant to which TETRA sold (i) 10,952,478 common units representing limited partner interests ('Common Units') in CSI Compressco LP, a Delaware limited partnership (the 'Issuer') and (ii) all of the outstanding membership interests (the 'GP Equity') in CSI Compressco GP LLC, a Delaware limited liability company and the General Partner of the Issuer (the 'General Partner'), to Spartan Holdco. The General Partner holds all of the incentive distribution rights of the Issuer and a 1.4 percent general partner interest in the Issuer.
Collectively, the sale of the Common Units and the GP Equity pursuant to the Purchase Agreement is referred to herein as the 'GP Sale.' The consideration for the GP Sale was $14.0 million, which consisted of $13.4 million in cash paid at the closing and $0.5 million to be paid on the six-month anniversary of the closing. TETRA is also entitled to earn additional consideration of $3.1 million in the form of cash and/or Common Units if the Issuer achieves certain financial targets on or prior to December 31, 2022, as set forth in the Purchase Agreement.
TETRA may be deemed to beneficially own the 5,237,970 Common Units reported herein, 1,476,087 of which are directly held by TETRA International Incorporated, a Delaware corporation and a direct, wholly owned subsidiary of TETRA, and 3,761,883 of which are directly held by Compressco Field Services L.L.C., an Oklahoma limited liability company and a direct, wholly owned subsidiary of Compressco, Inc., a Delaware corporation and a direct, wholly owned subsidiary of TETRA.
/s/ Brady M. Murphy, in his capacity as President and Chief Executive Officer of TETRA Technologies, Inc.
2021-02-02
/s/ Brady M. Murphy, in his capacity as President of TETRA International Incorporated
2021-02-02
/s/ Brady M. Murphy, in his capacity as President of Compressco, Inc., the sole member of Compressco Field Services, L.L.C.
2021-02-02
/s/ Brady M. Murphy, in his capacity as President of Compressco, Inc.
2021-02-02